Living in Montvale, New Jersey
Cost of living, income, home prices, rent and demographics of Montvale · Census data 2020–2024
Montvale has 8,901 residents with a median age of 40.1. The median household income is $178,269 (72% higher than the New Jersey median), the median home value is $709,700, the median rent is $2,053/month.
Montvale at a glance
- Population
- 8,901
- Median age
- 40.1State: 40.1
- Median household income
- $178,269State: $103,556
- Median home value
- $709,700State: $454,400
- Median rent
- $2,053/moState: $1,720
- Homeowners
- 80%
- Bachelor's degree or higher
- 55%
- Average commute
- 32 min
Is Montvale a good place to live?
Pros: Median household income 72% higher than the New Jersey median; unemployment of 5.9%; a poverty rate of 4%.
Cons: Home values 56% higher than the state median; an average commute of 32 minutes.
The weather is best in May–June and August–September.
Cost of living in Montvale
Housing is the biggest part of the cost of living. In Montvale the median home value is $709,700, 113% higher than the U.S. median. Renters pay a median of $2,053 per month, which is 34.8% of household income. Homeowners with a mortgage pay $3,875 a month in housing costs.
Montvale median household income
The median household income in Montvale is $178,269 and the income per person is $71,759. 4% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Montvale: homes for sale and rent
- Housing units
- 3,290
- Owner-occupied
- 80%
- Renter-occupied
- 20%
- Vacant
- 5%Includes seasonal homes
- Median year built
- 1968
- Average household size
- 2.84
Montvale demographics
- Population
- 8,901
- Median age
- 40.1
- Under 18
- 24.4%
- 65 and older
- 18.4%
- Households
- 3,126
- Foreign-born
- 20.6%
- Veterans
- 3.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Montvale ›
Education in Montvale
55% of adults 25 and older in Montvale have a bachelor's degree or higher (New Jersey: 43.6%), and 23.1% have a graduate or professional degree.
Jobs and commute in Montvale
- Unemployment rate
- 5.9%State: 6.3%
- Average commute
- 32 minState: 31 min
- Work from home
- 31.1%
- Drive alone
- 55.6%
- Public transit
- 5.3%
- Walk to work
- 0.8%
- Homes with broadband
- 99.1%
Montvale vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Montvale | 8,901 | $178,269 | $709,700 | $2,053 |
| Park Ridge | 9,406 | $171,029 | $706,200 | $2,257 |
| Chestnut Ridge | 10,557 | $111,725 | $720,100 | $1,710 |
| Woodcliff Lake | 6,152 | $213,981 | $946,400 | $1,888 |
| Pearl River | 16,155 | $145,063 | $608,200 | $1,973 |
| Upper Saddle River | 8,439 | $250,001 | $1,108,700 | $3,501 |
| Saddle River | 3,389 | $212,143 | $2,000,001 | $2,211 |
| Nanuet | 19,799 | $117,167 | $532,500 | $2,308 |
| Hillsdale | 10,144 | $186,688 | $677,500 | $1,764 |
More for people moving to Montvale
Montvale ZIP code ›Weather and climate ›Living in Montvale: FAQ
What is the median household income in Montvale, NJ?
The median household income in Montvale is $178,269, 72% higher than the New Jersey median of $103,556 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Montvale?
The median home value in Montvale is $709,700, compared with $454,400 in New Jersey.
How much is rent in Montvale?
The median gross rent in Montvale is $2,053 per month, about 34.8% of household income.
Is Montvale, NJ a good place to live?
Pluses: median household income 72% higher than the New Jersey median; unemployment of 5.9%; a poverty rate of 4%. Minuses: home values 56% higher than the state median; an average commute of 32 minutes.
What is the median age in Montvale?
The median age in Montvale is 40.1 years (New Jersey: 40.1).
How long is the commute in Montvale?
The average commute to work in Montvale is 32 minutes; 31.1% of workers work from home.
What is the unemployment rate in Montvale?
The unemployment rate in Montvale is 5.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Montvale?
55% of adults in Montvale have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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